Thursday, February 5, 2009

Yesterday's Test

I ended up scalping very few points with yesterdays strategy. It seems all the work is not to fruitful in the end since placing so many orders that barely scalp any pips just leaves the brokerage with too many pips. It seems like just trusting trend directions on the hour chart, and chasing bollinger bands have been the most successful strategy. Combining the bollinger band chart to the ATM chart will hopefully allow traders to calibrate the bounce back against a trend. For those who have not yet learned these strategies, I plan on posting hopefully some useful WordDocs that will help teach the basics of the strategy. The day has just started here, good luck all:)

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